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Property profile & analytics
OFF-MARKET
Commercial real estate

1900 Rapides Ave Alexandria, LA 71301-7213

Individually Owned Absentee Owner Free & Clear
Property ID
US36-0880256
Property summary
AI-generated overview

This exceptional 2,230 square foot commercial property located at 1900 Rapides Avenue in Alexandria, Louisiana, presents a unique investment opportunity. Situated on a 0.25-acre lot, the property boasts a rich history as the well-known "Miss Lillie's Antiques." The building's charming character is evident in its beautiful wooden floors and windows, creating a unique and inviting atmosphere perfect for a variety of commercial uses. The current configuration offers a seamless blend of living and working spaces, ideal for an owner-operator. The building's design allows for both retail space and residential quarters under the same roof, providing convenience and efficiency. Adding to its appeal is an additional rental property on the site, offering further income potential and flexibility. This property is priced at $79,000 and presents significant potential for restoration and revitalization, allowing a new owner to capitalize on its prime location and historical significance. The existing structure provides a solid foundation for a variety of commercial ventures, from retail to office space, or even a continuation of its antique shop legacy. The combination of residential and commercial space, along with the additional rental unit, makes this a truly versatile and attractive investment. The property's location in Alexandria offers easy access to local amenities and a thriving community. This is a rare chance to acquire a landmark property with substantial upside potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 24-037-35194-0001
UPID US36-0880256
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
LILLIE HURST USUFRUCT ANDERSON
LILLIE HURST USUFRUCT ANDERSON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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